GoTyme Bank and BPC, a global provider of payment solutions, are marking a decade-long partnership that has supported the bank from its inception to its current customer base of over 12 million in South Africa.

BPC has provided technology and operational support, including its SmartVista platform, enabling GoTyme Bank to launch quickly and issue debit cards instantly.

The partnership also included support with regulatory compliance, international scheme certification, card manufacturing, transaction design, and operational readiness.

SmartVista’s modular platform and open APIs have allowed the bank to roll out features rapidly while keeping costs low.

GoTyme Bank combines digital banking with in-person service through kiosks at retail partner outlets nationwide.

Accounts can be opened in under five minutes, with customers receiving a functional debit card in a single visit.

“Reaching 12 million customers in less than seven years underlines our belief that banking can be simple, affordable, and accessible to everyone,”

said Bruce Paveley, CTO of GoTyme Bank in South Africa.

“Choosing BPC at the start of this journey was the right decision. Their platform and expertise helped us launch fast and continue to innovate.”

The bank has grown rapidly, reaching 50,000 customers within two months of launch, over 1 million in its first year, 3.5 million by year two, and 6 million by year three.

It became Africa’s first profitable digital bank in under five years.

“GoTyme Bank’s growth shows what can be achieved when scalable technology meets a clear mission,”

said Craig Albertson, Managing Director, Sub-Saharan Africa, BPC.

“We are ready to support the next chapter as the bank continues to set the pace for customer-focused banking in South Africa.”

Featured image credit: GoTyme Bank press release